Novatek, Sberbank seek green financing
Russian gas company Novatek said on June 4 it had signed a memorandum of understanding (MoU) with state-owned lender Sberbank on obtaining green financing.
The pair will seek the funds for projects that relate to "environmental protection and climate change mitigation, renewable energy development, production and transshipment of low-carbon or carbon-neutral products, as well as joint social initiatives," Novatek said.
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The agreement was signed at the St Petersburg International Economic Forum, where Novatek also signed a MoU with Sberbank and Gazprombank on financing for a gas chemicals plant on the Yamal Peninsula.